Windows Phone put a significant drag on Microsoft's fourth-quarter earnings, released Tuesday. Revenue for the troubled platform decreased by $552 million, or 68 percent. Both Lumia and non-Lumia phone revenue declined, which Microsoft attributes to lower volumes and lower-priced devices.
average payment period. Definition. APP. The number of days a company takes to pay off credit purchases. It is calculated as accounts payable / (total annual purchases / 360). Use this term in a sentence. â You should always know how long your average payment period will be so that you can be prepared when the time comes.
For example, on a $1,500 credit card balance with a 15% APR, the estimated minimum monthly payment is $35. If thatâs all you pay each month, youâll be in debt for 11 years and pay about $1,400 in interest on top of the balance.or example, on a $1,500 credit card balance with a 15% APR, the estimated minimum monthly payment is $35. If thatâs all you pay each month, youâll be in debt for 11 years and pay about $1,400 in interest on top of the balance.